Your financial advisor offered an attractive investment option for you. He said on an investment of $20,000, he can promise a return of $4,000 in a year with probability 0.3, a return of $2,000 with probability 0.3, a return of $1,000 with probability 0.2, and a return of $0 with probability 0.2. 9. What is the expected value of this investment? a. $1,000 $2,000 C. $3,000 d. $4,000 10. Given utility of the following form, U(x) = VX, what is the EU of this investment? a. $14.63 b. $94.29 2 c. $38.71 d. $235.98

The maximum amount of money that a consumer can charge on a credit card is called the

Carlos would like to start saving for his son’s college expenses. which type of savings account should carlos open? ida money market 529 plan basic savings account

The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.